DLTH - on the edge
Could be a reversal point with high caution. $11.23. would be my stop loss. This asset is at previous resistance , may turn into support and reverse. I would consider this an entry with a tight stop on the daily low of this past week. RSI seems to have seller exhaustion on all significant time frames except the weekly. We are far below the ichimoku cloud further than ever for this assets history and also below the 200 moving average .
Pros.******
RSI exhaustion
below moving avgs
mild bullish divergence
multiple time frames
and a td sequential 9->13 on daily
heading into xmas retail season.
Cons***
weekly td sequential 6
inside a downs sloping channel
inside potential bearish gartley.
Pros.******
RSI exhaustion
below moving avgs
mild bullish divergence
multiple time frames
and a td sequential 9->13 on daily
heading into xmas retail season.
Cons***
weekly td sequential 6
inside a downs sloping channel
inside potential bearish gartley.
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